GBPUSD Technical Analysis today is in an upward trend. As shown in the chart below. The price of the pound dollar is trading at a price of 1.2999 dollars, and trading appears above most of the moving average intersections, as the MACD indicator indicates a weak positive trend. Accordingly, we can look to buy from the rise to a price of 1.3009 dollars, and the target could be the area of 1.3024 dollars. It is also recommended to choose the area of 1.2977 dollars as a stop loss point to control the risks.
GBPUSD Technical Analysis: On the other hand
On the other hand, if the buy zone at $1.2977 is broken, the price of the pound dollar may head towards the level of $1.2968.
GBPUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.3024
- First resistance: 1.3014
- Pivot level: 1.2997
- First support: 1.2987
- Second support: 1.2970
